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20130107
20130115
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Search Results 0 to 4 of about 5
CNBC
Jan 10, 2013 6:00am EST
, private industry or global finance, and roger, one of the criticisms all along, of the obama administration has been they don't really care about people with private -- >> you have a long way to go. >> i happen to think jack lew is qualified. look, he's been omb director twice. >> we haven't had a budget in three years. >> he's been chief of staff. he's extraordinarily familiar, we all know, with congress. if you think about the issues immediately ahead which are largely fiscal, he couldn't be better prepared. he has the confidence of the president. he's going to be smoothly confirmed. those are critical criteria. for example, you can't afford in this environment, both globally as well as relative to congress and fiscal cliff, too, you can't afford to nominate someone whose nomination is going to be hung up on the hill. you can't do that. >> former senator judd gregg i heard him this morning saying, look, whether you agree with him or not this is a man who's qualified and he will pass. >> and he's respected on both sides of the aisle. >> and he worked for tip o'neill when tip
CNBC
Jan 14, 2013 6:00am EST
about the view of the obama administration towards the financial sector itself, and i can remember some comments like yeah, you're entitled to a profit but you're not entitled to this huge profit. i think the view of a lot of people in the administration have towards the financial sector, where it's almost seen as not a partner in growing the economy, but almost an impediment to it. do you think we're going to have another four years where they really don't understand how important it is for the financial sector to, you know, to grease the skids for the economy overall? >> well, you know, the regulatory pendulum and attitudes all swing. when there's a crisis it tends to sbing to conservative attitudes, to restraining attitudes and that's what we've seen. we saw it in the '30s, in the late 1980s, early 1990s. but it all always tends to moderate because the financial system is so critical to the well-being of the economy that over time one really has to have a moderate approach to the industry. that will come. now, i can't say that the pendulum has swung as far as it will go. there m
CNBC
Jan 8, 2013 6:00am EST
completely democratic house that will agree with everything that the obama administration wants, then we'll do that and we'll electric more democratic senators, the democrats can control the house, the senate and the white house and we'll give the president a rubber stamp on everything and washington will be totally fixed and we'll live in this great, great european country. so maybe it will go that way. but if it doesn't go that way and it's not washington, it's the people that send these representatives to washington who disagree with -- there's a 50/50 people split in this country of people who love entitlements because they're people on the receiving end and there's people on the other side who is funding everything. i don't know. i don't know whether it's a broken washington or we're just at a crossroads in the way the republic is governed and we have to make a decision as a country which way we head. >> right. that's definitely a lot of the ltage. there's still a lot of assets on the other side of the balance sheet of all those liabilities. you have to focus on growth. growth should b
CNBC
Jan 7, 2013 6:00am EST
influence the discussion. you had the obama administration in its own way trying to reach out. but in the end, most executives i talked to said the obama administration just paid it lip service. they did these phone calls. they had us up, and then nothing happened. and virtually everybody, no matter what party you were on, or part of, seemed to be ultimately disappointed. >> yes. i think we're -- i don't think you can talk to washington. i'm convinced now that neither party is listening. they're listening to themselves. and i really think what the business community has to do. in fact anybody who wants to see the right thing being done is just have to start talking to the general public about how serious this is and have them put pressure on washington, because no one else can do so. >> we talked to people like david walker who say that education is key. just as you're talking about. and really lay it out to people. but then we also see all those polls that show while people don't want their taxes to go up, they don't mind taxes going up on someone else and they definitely don't want
CNBC
Jan 11, 2013 6:00am EST
that they'll be able to use it. it hasn't appeared that the obama administration or democrats really are acknowledging that so i've heard they're going to go right back to the well because they only got $600 billion in tax increases. they want, supposedly, $1.2 is the president coming down on his initial demand of $1.6 or whatever. so we need to -- we need to come back to the well on tax increases, and double down on what we already got. without -- and i'm not hearing anything about spending cuts. >> well, first, our problem is primarily a spending problem. >> you've heard what they said, though. >> what the truth is -- but the truth is we're going to have to have more revenues than this last deal. and by the way, the truth is also, you're not going to be able to confine it to people making over $200,000 and $250,000 a year. the numbers don't work. look, here's -- >> eamon just said -- >> why is that the case? you're saying it's a spending problem. and -- >> primarily a spending problem. here's what we need to do. look at all the deals that have been done. august, 2011. this fiscal c
Search Results 0 to 4 of about 5